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A Fund Farewell,
If Not a Fond One

Call It Mergers and Acquiescences

By

Chuck Jaffe

Updated Dec. 28, 2009 9:38 p.m. ET

More than 2,000 funds were liquidated or merged out of existence in 2009, the biggest pruning of the fund industry in years. The extinct are a mix of the uninspired, the mediocre, marketing failures and big mistakes, plus a few good ideas that didn't click.